Square Enix Collective

Execution of Share Transfer Agreement with Change to Subsidiaries (Divestiture of Select Overseas Studios & IP)

Retrieved on: 
Monday, May 2, 2022
Entertainment, Consumer Electronics, Technology, General Entertainment, Software, Electronic Games, Board, Investment, Policy, Company, Blockchain, SQUARE, Legacy, CRYSTAL, Embracer Group, Square Enix Collective, Legacy of Kain, JUST, Life, IP, Transaction, Growth, ENIX, AI, Video game

SQUARE ENIX HOLDINGS CO., LTD. (the Company) today signed a share transfer agreement with Sweden-based Embracer Group AB concerning the divestiture of select overseas studios and IP (the Transaction).

Key Points: 
  • SQUARE ENIX HOLDINGS CO., LTD. (the Company) today signed a share transfer agreement with Sweden-based Embracer Group AB concerning the divestiture of select overseas studios and IP (the Transaction).
  • All conditions having being met, the share transfer agreement was concluded today.
  • Going forward, the Companys development function will comprise its studios in Japan, Square Enix External Studios, and Square Enix Collective.
  • The Companys overseas studios will continue to publish franchises such as JUST CAUSE, OUTRIDERS, and Life is Strange.